MGIC COO awarded 273,875 performance RSUs
MGIC Investment Corp President & COO Salvatore A. Miosi reported an acquisition of 273,875 shares of common stock tied to a previously granted restricted stock unit (RSU) award.
Rhea-AI Filing Summary
MGIC Investment Corp President & COO Salvatore A. Miosi reported an acquisition of 273,875 shares of common stock tied to a previously granted restricted stock unit (RSU) award. The RSUs were granted on February 3, 2023 under the company’s Omnibus Incentive Plan and required performance based on growth in adjusted book value per share.
Performance for this award has been approved by a board committee, and, subject to continued employment, the shares are scheduled to be issued on the first business day following February 28, 2026. After this reported award, Miosi’s direct holdings total 761,203.361 shares of MGIC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 273,875 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents shares of Issuer common stock to be issued under a restricted stock unit award granted to the Reporting Person on February 3, 2023. The award is subject to performance-vesting restrictions based on growth in adjusted book value per share. Performance with respect to the shares reported in Column 4 has been approved by the appropriate committee of Issuer's Board. Provided continued employment, the shares will be issued to the Reporting Person on the first business day following February 28, 2026.
- F2. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
FAQ
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What did MGIC Investment Corp (MTG) disclose in this Form 4?
What performance conditions apply to Salvatore A. Miosi’s MGIC (MTG) RSU award?
Did Salvatore A. Miosi pay a purchase price for these MGIC (MTG) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.